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The Tourism Sector in Nigeria

by Fred Nwaozor The tourism sector in Nigeria is a largely untapped yet highly promising component of the national economy. With her vast landmass, rich cultural diversity, and varied ecosystems, Nigeria possesses the natural and human resources required to build a thriving tourism industry. Tourism, if properly harnessed, can serve as a major source of revenue, employment, and international goodwill for the country. Nigeria’s cultural diversity is one of its greatest tourism assets. With over 250 ethnic groups, each with distinct languages, traditions, festivals, and cuisines, the country offers a wide range of cultural experiences. Traditional festivals such as the Argungu Fishing Festival, Osun-Osogbo Festival, Durbar Festival, and New Yam festivals attract both local and international visitors. The country is also blessed with numerous natural attractions that have strong tourism potential. These include scenic landscapes such as the Obudu Mountain Resort in Cross River ...

Renaissance Energy Acquires Shell Petroleum Company

The Renaissance Africa Energy Company Limited, a leading consortium of Nigerian oil firms, has eventually acquired the Shell Petroleum Development Company, of Nigeria Limited (SPDC).

This latest development was disclosed to the public after the former completed the processes involving the acquisition of the latter in a $2.4 billion deal.

According to the Management of the newly acquired oil entity, the SPDC had been renamed to Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria.

The company’s spokesperson, Tony Okonedo, said: ”Going forward, SPDC will be renamed as Renaissance Africa Energy Company Limited.”

Reacting to the complete acquisition of Shell, the Managing Director/CEO of Renaissance lauded the Nigerian government for giving the approval for Shell’s acquisition.

“We are extremely proud to have completed this strategic acquisition.

“The Renaissance’s vision is to be “Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.

“We and our shareholder companies are therefore pleased that the federal government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act,” he said.

Fred Nwaozor, popularly known as TheMediaAmbassador, is a Nigerian tech expert, author, creative & content writer, media strategist, policy analyst, blogger, public speaker and rights activist. The renowned columnist regularly writes for the Federal Radio Corporation of Nigeria (FRCN), and is the Founder & Convener of Right Thinkers Movement (RITMO), Nigeria. He's a chartered industrial physicist, engineer and IT personnel. As a media guru, he enjoys an active presence in all media segments - including electronic, print & digital - since two decades ago till date. As a full-time researcher and educator, he's a regular contributor and peer reviewer for various internationally-noted engineering journals. As an Automation & Telecommunication engineer, his research interest mainly lies in System Modelling, Internet of Things (IoT), Smart city, Cybersecurity, Wireless networks, and Machine Learning (ML).